Question: The next dividend payment by Savitz, Inc., will be $2.43 per share. The dividends are anticipated to maintain an annual growth rate of 3.5%

The next dividend payment by Savitz, Inc., will be $2.43 per share. 

The next dividend payment by Savitz, Inc., will be $2.43 per share. The dividends are anticipated to maintain an annual growth rate of 3.5% forever. If the stock currently sells for $70 per share, what is the required return?

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